McDonnell’s Partially Published Tax Return

John McDonnell has published part of his tax return, declaring income of £61,575 in the year until April 2015, on which he paid £14,253 tax. Several eagle-eyed tweeters have pointed out that this is less than the £67,000 salary MPs were paid during this period. The discrepancy could possibly be explained by pension contributions, but the Shadow Chancellor’s team are in the Sunday Politics studio and aren’t responding to Guido’s texts. Sure there is a perfectly reasonable explanation…

UPDATE: A chartered tax advisor gets in touch:

Either what he has published is a second job or he has been a numpty and put his MP earnings on the wrong page. MPs should use special pages called SA102MP for their MP earnings, not the normal employment pages. If he has used the wrong pages it doesn’t fill you with confidence about his competence to run the UK’s tax system!

hmp

So is it fakery or foolery from McDonnell?

UPDATE II: McDonnell now says he has published his “full tax return”, which was filled out by an accountant and can be viewed as a PDF here. Pension contributions do indeed account for the missing £5,000. Though where is his SA102MP form as required for MPs? HMRC say that form must be used if you were:

  • a Member of Parliament (MP)
  • a Minister in the House of Commons
  • a Minister in the House of Lords We deal with MPs and Ministers tax records separately.

He still has until midnight if he has forgotten…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

George Osborne paraphrases Boris, telling the FT:

“If the ball came loose at the back of the scrum, I wouldn’t fumble it”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Momentum Mock Injured Soldiers Momentum Mock Injured Soldiers
I SCHEMED A SCHEME I SCHEMED A SCHEME
Watch Glitter Balls Watch Glitter Balls
Did Boris Really Want Brexit? Did Boris Really Want Brexit?
Ken Interviewed, Doesn’t Mention Hitler Ken Interviewed, Doesn’t Mention Hitler
Chuka’s Single Market flip-flop Chuka’s Single Market flip-flop
LABOUR HQ PURGE FEARS LABOUR HQ PURGE FEARS
Carter Ruck Deleting Brooks Newmark Sext Pics Carter Ruck Deleting Brooks Newmark Sext Pics
Mandelson Aide Funding Owen Smith Mandelson Aide Funding Owen Smith
OILY WANTED CORBYN TO GO ON OILY WANTED CORBYN TO GO ON
Hinkley: Forseeable Financial Fiasco Hinkley: Forseeable Financial Fiasco
Baroness Shami(less) Baroness Shami(less)
Just How Totes Posh Is Stella Creasy? Just How Totes Posh Is Stella Creasy?
Thornberry “Sky Sexism” Meltdown Thornberry “Sky Sexism” Meltdown
WATCH HILLARY DROP WATCH HILLARY DROP
PMQs Sketch PMQs Sketch
Vaz Broke Law Vaz Broke Law
Cancel Hinkley Cancel Hinkley
Vaz On Front Pages Vaz On Front Pages